Sunday, 20 August 2017
Latest news
Home » Finance

Finance

Fed raises interest rates

perth_map

The Committee expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. Read More »

Uber CEO to take leave; report recommends broad changes

Holder and his law firm were retained after former Uber engineer Susan Fowler in February published a blog post detailing what she described as sexual harassment and the lack of a suitable response by senior managers. While Uber released Holder's recommendations, his full report was kept private to protect the privacy of those filing complaints. The recommendations, which were unanimously adopted by the board on Sunday, call for reducing Kalanick's sweeping authority and ... Read More »

Fed announces rate hike decision

When asked if the central bank had taken notice of recent weak inflation readings, Yellen said it had but added that it was "important not to over-react to a few reports, inflation data can be noisy". The unexpected decline in monthly USA consumer prices and retail sales suggested inflation pressures are moderating, which may delay interest rate increases by the Federal Reserve. Read More »

NZ economy grows smaller-than-expected 0.5% in 1st quarter

perth_map

Statistics New Zealand has today released national accounts figures for the March quarter of 2017, with Gross domestic product (GDP) rising by 0.5% over the quarter to be up 3.0% year-on-year. Hickie said the data would not prompt the Reserve Bank of New Zealand (RBNZ) to move its cash rate from a record low of 1.75 percent. "This flowed through to higher dairy product manufacturing, which contributed to the overall rise in food, beverage, and tobacco product manufacturing". Read More »

Fed raises rates and outlines balance sheet reduction plan

Wednesday's decision brings the Fed's target for the federal funds rate, which covers overnight loans between banks, to a range of 1 percent to 1.25 percent. If inflation continues to disappoint in the second half, the calls from Fed doves for a rethink will grow. There was only one rate increase in both 2015 and 2016. Read More »

Ares Capital Corporation (NASDAQ:ARCC) Sellers Increased By 22.81% Their Shorts

With 338,900 avg volume, 1 days are for Olympic Steel Incorporated (NASDAQ:ZEUS)'s short sellers to cover ZEUS's short positions. It has underperformed by 39.11% the S&P500. Polar Asset Management Prns has 0.15% invested in Adtalem Global Education Inc (NYSE:ATGE) for 170,200 shares. The stock declined 0.76% or $0.12 reaching $16.3 per share. Read More »

Analyst's Indicator Review for Continental Resources, Inc. (CLR), Yelp Inc. (YELP)

The stock has "Hold" rating by Stifel Nicolaus on Wednesday, April 6. FBR Capital maintained the stock with "Mkt Perform" rating in Monday, May 1 report. State Of Tennessee Treasury Department reported 0.07% in Continental Resources, Inc . (NYSE:CLR) for 68,107 shares. Finally, Royal Bank Of Canada set a $63.00 target price on shares of Continental Resources and gave the stock a "buy" rating in a research report on Saturday, June 3rd. Read More »

IOS 11 Returns Control Over Their Location to the User

Exactly one week ago, last Monday on the 5 of June, Apple announced the new iOS 11 at their WWDC 2017 in San Jose, California. While most developers anticipate betas - particularly first betas - to be buggy, non-developers who download beta software on their everyday use device often find themselves yearning to return to an earlier firmware that lacks the inconstancies, crashes and non-working applications that come with testing a beta software. Read More »

It's been a learning experience to bowl on English wickets, says Bumrah

Pakistan and Sri Lanka meet today in Cardiff to decide who plays England in the same city on Wednesday. India have strolled into the Champions Trophy semifinals after dismissing South Africa for 191 at The Oval. "There is more than enough talent, and we have just got to get it right when it matters most", an optimistic De Villiers said. And I believe the same thing over here in this tournament and the last one. Read More »

Kevin Durant wins first NBA Championship with Golden State Warriors

He hit others, too, almost every attempt he took, regardless of where it was from or who was guarding him or or whether it came in rhythm. Durant's 28.8-point playoff career scoring average ranks fourth all-time, trailing only Michael Jordan , Allen Iverson and Jerry West and ranking just ahead of James at 28.4. Read More »

Multiple People Shot in Del Ray Section of Alexandria

Scalise and the others impacted the the incident. The official was not authorized to discuss an investigation by name and spoke on condition of anonymity. Barton said his son, Jack, got under an SUV. After House Majority Whip Steve Scalise from Louisiana was shot in the hip by a lone gunman, Wenstrup rushed to his aid to administer emergency medical attention. Read More »

Duchess of Cambridge visits patients, medics after London attack

Three terrorists killed eight people with lots wounded after driving a van into people on London Bridge. Kate styled her hair into her classic, sleek 'do with slight curls in the ends of her tresses. 'And actually, all staff in the NHS want these days is just to be recognised for what they do, because they get knocked for so much. "We are used to seeing people who are stabbed but to have six women who were stabbed, multiple times-it was just the amount of people-that was upsetting". Read More »

Fed cuts inflation, unemployment rate forecasts

perth_map

The Fed chose to raise rates again despite economic weakness at the start of 2017 and a further slowdown recently in inflation, which remains persistently below the Fed's 2 percent target rate. It's the Fed's third rate hike since December. They are just catching up with reality: The jobless rate has dropped with unexpected speed - to a 16-year-low 4.3 percent in May. Read More »

British inflation rate rises to 4-year high of 2.9 pct

perth_map

The Retail Prices Index (RPI) measure of inflation increased to 3.7% in June, up from 3.5% the month before. " Bank of England policymakers had previously said they expect inflation to peak at a little below 3% in the fourth quarter, but the evidence so far points to a sharper rise than anticipated", said Ben Brettell, senior economist at Hargreaves Lansdown. Read More »

The Brokers Set Expectations for Yamana Gold Inc.'s FY2017 Earnings (AUY)

perth_map

Breaking that down further, it has performed -2.14% for the week, 13.32% for the month, -1.18% over the last quarter, -11.31% for the past half-year and -22.05% for this previous year. The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.005 dividend. Read More »

Federal Reserve boosts interest rate

perth_map

And since the first rate increase of this cycle, in December 2015, the S&P rose 13.4 percent annualized. While the Fed still has another hike penciled in for this year, a recent run of soft inflation data has left fund futures implying only a 40 percent chance of a move by December. Read More »

Fed Hikes Interest Rates Despite Declining Inflation

perth_map

All eyes were on the United States central bank, which is scheduled to release its rate decision at 1800 GMT on Wednesday with a news conference to follow from Chair Janet Yellen . The central bank had pushed rates to near zero in response to the financial crisis. Kiwi/dollar fell to 0.7198 at its lowest but later recovered to reach a three-and-a-half-month high of 0.7239. Read More »

Sheriff: Georgia inmates overpowered, disarmed slain guards

perth_map

We see our officers as family". Rowe and Dubose then carjacked a getaway vehicle and fled, armed with the officers'.40-caliber Glock pistols, Sills said. Authorities are searching for two inmates, 43-year-old Donnie Russell Rowe and 24-year-old Ricky Dubose. "Officer Billue's family asks for prayers for all of those who are now placing their own lives at risk to bring these men to justice and asks anyone who has information that may assist in apprehending these perpetrators to please ... Read More »

39-day weekends-only recreational red snapper season

perth_map

State waters will be open the rest of this week and, beginning Monday, June 19, will close Mondays through Thursdays through September 4, except July 3 and 4. The new season will now include every Friday, Saturday and Sunday from June 16 to September 3, as well as July 3, 4 and Labor Day. LDWF sees this program as a two-fold opportunity for Louisiana which could lead to the state gaining control of its fishing seasons in both state and federal waters. Read More »

Fed raises rates for second time in 3 months

perth_map

FOMC also hinted toward future hikes this year, saying it "expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate". But the rate increase was already priced into most stocks . The caps will increase every three months by $6 billion for Treasuries and $4 billion for MBS until they reach $30 billion and $20 billion, respectively. Read More »

Video shows United employee's attack on an old man in the airport

perth_map

This week, a 2015 video that appears to show a United Airlines employee shoving a passenger to the ground surfaced and, soon after, went viral. The event was captured in security footage, which was published by KPRC News on Tuesday. "We have seen the video from 2015 that shows completely unacceptable behavior by a United employee", the airline said Tuesday in a statement, noted KPRC-TV. Read More »

Shareholder Stieven Capital Advisors LP Raised First Bancorp PR (FBP) Holding

Keefe, Bruyette & Woods reaffirmed a "buy" rating and issued a $7.50 price objective on shares of First Bancorp in a research report on Wednesday, April 5th. Mason Street Advsr Ltd Liability Co has 29,457 shares for 0.01% of their portfolio. Air Lease Corporation is an aircraft leasing company. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.3935 and a beta of 2.11. Read More »

US consumer prices slipped 0.1 percent in May

perth_map

Inflation far outstripped that, with prices rising by 2.7 per cent in the year to April. Average earnings fell in real terms by 0.6% in the three months to April, compared with the same period a year ago. Nationally, gasoline prices have decreased slightly over the past month, while Utah gasoline prices continue to slowly increase. It is likely just a matter of time before these are passed on to consumers, stated TD Economics. Read More »

Fed raises key rate and unveils plan to reduce bond holdings

perth_map

The Fed has now raised rates four times as part of a normalization of monetary policy that began in December 2015 . More important was what the USA central had to say about its plans to rein in its bloated balance sheet , which has ballooned to $4.5 trillion since the financial crisis as the Fed has bought government and mortgage-backed bonds to underpin the American economy. Read More »

EIA expects rise in global oil consumption

USA crude production will average more than 10 million barrels a day for the first time in 2018, breaking a record nearly five decades old and keeping prices from rising as much as previously estimated, government forecasts showed Tuesday. Read More »